Analysts' Actions: DELL, HGSI, BLK
NEW YORK (
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CHANGE IN RATINGS
AEGON/Transamerica
(AEG) - Get Report
upgraded to buy at TheStreet Ratings.
Apollo Global
(APO) - Get Report
upgraded at Goldman to Buy, Goldman Sachs said. Company can deliver solid fee-related earnings growth. $17.50 price target.
Blackrock
(BLK) - Get Report
downgraded at Goldman to Neutral, Goldman Sachs said. Valuation call, based on a $203 price target.
BioMarin Pharmaceutical
(BMRN) - Get Report
added to TPL at Citigroup. $45 price target. Recent pull back is a good entry point.
Blackstone
(BX) - Get Report
upgraded at Goldman to Buy, Goldman Sachs said. $19 price target. Company has solid fundraising potential in real estate and credit markets.
Comerica
(CMA) - Get Report
downgraded at Stifel from Hold to Sell, Stifel Nicolaus said. Valuation call.
Dell
(DELL) - Get Report
downgraded at Citigroup to Neutral from Buy, Citigroup said. $19 price target. Easy margin expansion is done.
Dell downgraded at Needham from Buy to Hold, Needham said. $17 price target. Stock will likely remain rangebound, given near-term growth headwinds.
Frontier
(FTR) - Get Report
downgraded at Hudson Square from Buy to Hold, Hudson Square Research said. Dividend cut takes some luster off the stock.
Holly Energy
(HEP) - Get Report
downgraded at UBS to Neutral from Buy, UBS said. $64 price target. Valuation call.
Human Genome
(HGSI)
downgraded at Piper from Overweight to Neutral, Piper Jaffray said. Valuation call, based on an $11 price target.
Hibbett Sports
(HIBB) - Get Report
downgraded at Needham from Buy to Hold, Needham said. Valuation call.
Kronos
(KRO) - Get Report
downgraded at Deutsche from Buy to Hold, Deutsche Bank said. Company could be hurt by higher feedstock ore costs. $23 price target.
Medtronic
(MDT) - Get Report
downgraded at Credit Suisse from Outperform to Neutral, Credit Suisse said. $43 price target. Majority of the company's sales are in low-growth areas.
Medtronic downgraded at Deutsche from Buy to Hold, Deutsche Bank said. $41 price target. Company faces continued growth headwinds.
Newfield Exploration
(NFX)
downgraded at Deutsche from Buy to Hold, Deutsche Bank said. $45 price target. Company cut its production guidance.
Tesla Motors
(TSLA) - Get Report
rated new Buy at ThinkEquity. $39 price target. Company should continue to execute and remain an industry leader.
Urban Outfitters
(URBN) - Get Report
upgraded at BMO to Outperform, BMO Capital said. $36 price target. Visibility is improving for the second half of the year and 2013.
URS
(URS)
upgraded at Baird from Neutral to Outperform, Robert Baird said. $55 price target. Company has high earnings visibility and several potential backlog catalysts.
Watts Water
(WTS) - Get Report
downgraded at Sterne from Buy to Neutral, Sterne Agee said. Valuation call, as the company is seeing lower growth in Europe.
STOCK COMMENTS / EPS CHANGES
Apple
(AAPL) - Get Report
target boosted at Credit Suisse. Shares of AAPL now seen reaching $600, according to Credit Suisse. Company can continue to generate significant free cash flow. Outperform rating.
Brocade Communications
(BRCD)
estimates raised at Oppenheimer through 2012, Oppenheimer said. Solid beat but ethernet switching remains WIP. Perform rating.
Brocade estimates upped at Morgan Stanley through 2013, Morgan Stanley said. Storage division is driving growth. Equal-weight rating.
Ciena
(CIEN) - Get Report
estimates reduced at Morgan Stanley through 2013, Morgan Stanley said. Company is seeing lower near-term demand from subsea customers. Equal-weight rating.
Salesforce.com
(CRM) - Get Report
target raised at Needham. Shares of CRM now seen reaching $139, according to Needham. Company will likely post solid earnings on Thursday. Buy rating.
Dana Holding
(DAN) - Get Report
target raised at Jefferies. Shares of DAN now seen reaching $23, Jefferies said. CV on track; off-highway likely improved in the first quarter. Buy rating.
Dell
(DELL) - Get Report
numbers raised at Jefferies. Shares of DELL now seen reaching $17, Jefferies said. Estimates also raised on optimistic fiscal year 2013 guidance. Hold rating.
Dell estimates, target cut at BMO. Shares of DELL now seen reaching $20, according to BMO Capital. Estimates also reduced, as the company's margins are shrinking. Market Perform rating.
Dell estimates, target raised at Morgan Stanley. Shares of DELL now seen reaching $15, according to Morgan Stanley. Estimates also increased, as the company is gaining market share. Underweight rating.
Discover Financial Services
(DFS) - Get Report
numbers raised at Jefferies. Shares of DFS now seen reaching $34, Jefferies said. Estimates also raised on continued credit improvement. Buy rating.
Dendreon Corporation
(DNDN)
estimates, target raised at Citigroup. Shares of DNDN now seen reaching $16, according to Citigroup. Estimates also increased on higher Provenge sales and lower COGS. Neutral rating.
Sourcefire
(FIRE)
estimates, target raised at UBS. Shares of FIRE now seen reaching $46, according to UBS. Estimates also increased as margin guidance has room for upside. Buy rating.
Goodyear Tire
(GT) - Get Report
numbers cut at Morgan Stanley. Shares of GT now seen reaching $14, according to Morgan Stanley. Estimates also reduced, as the company faces continued growth headwinds. Underweight rating.
Home Depot
(HD) - Get Report
numbers raised at UBS. Shares of HD now seen reaching $53, according to UBS. Estimates also increased on strong quarterly performance aided by weather. Buy rating.
Intuit
(INTU) - Get Report
numbers raised at Jefferies. Shares of INTU now seen reaching $58, Jefferies said. Estimates also raised on consumer tax and lower opex. Hold rating.
Lululemon
(LULU) - Get Report
estimates, target increased at Sterne Agee. LULU estimates were raised through 2013, Sterne Agee said. Company should continue to see solid sales growth and improving operating leverage. Buy rating and new $75 price target.
Macy's
(M) - Get Report
target boosted at Morgan Stanley.Shares of M now seen reaching $42, according to Morgan Stanley. Company has solid earnings momentum and deserves a higher earnings multiple. Overweight rating.
Penske Automotive
(PAG) - Get Report
numbers increased at Morgan Stanley. PAG estimates were raised through 2013, Morgan Stanley said. Company is keeping a tight lid on costs. Overweight rating and new $27 price target.
Range Resources
(RRC) - Get Report
numbers raised at UBS. Shares of RRC now seen reaching $66, according to UBS. Estimates also increased on upside guidance and bullish liquids update. Neutral rating.
SXC Health Solutions
(SXCI)
numbers raised at Jefferies. Shares of SXCI raised to $71, Jefferies said. Estimates also raised on accelerating contracting momentum. Buy rating.
Weatherford
(WFT) - Get Report
estimates, target cut at Morgan Stanley. Shares of WFT now seen reaching $25, according to Morgan Stanley. Estimates also reduced, as the company is facing higher accounting tax rates. Overweight rating.
Weatherford estimates, target raised at BMO. Shares of WFT now seen reaching $20, according to BMO Capital. Estimates also increased, as the company is realizing higher sales and margins. Market Perform rating.
Westlake Chemical
(WLK) - Get Report
numbers raised at UBS. Shares of WLK now seen reaching $52, according to UBS. Estimates also increased as cheaper ethane will increased PE margins. Sell rating.
Wynn Resorts
(WYNN) - Get Report
numbers upped at BMO. WYNN estimates were boosted through 2013, BMO Capital said. Okada redemption should boost the company's earnings. Outperform rating and new $171 price target.
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This article was written by a staff member of TheStreet.
